CEO of DoubleLine didn't rule out the fall of BTC to $23,000

by in Cryptocurrency News

Jeffrey Gundlach

The position of skeptics among experts is strengthening. Many of them do not exclude that the largest digital currency will not be able to stay at current values ​​and will soon fall in price below $ 30,000. Moreover, some analysts predict that the BTC rate will only be able to stop at $ 10,000 or $ 15,000.

Jeffrey Gundlach, CEO of investment company DoubleLine, is also pessimistic. He said in an interview that the price of bitcoin could fall to $ 23,000.

Gundlach drew attention to the alarming signals that will inevitably provoke another rollback. Aggravation of volatility is expected very soon.

Trending: Kazakhstan was included in list of the largest BTC miners

Grayscale's Bitcoin Trust will unlock about 40,000 BTC in July. These funds, totaling up to $ 1.4 billion, will go to the market. Most likely, we will see a new wave of sales, followed by a collapse in the value of the cryptocurrency.

Already on July 18, according to ByBt, it is planned to unblock about 16,000 coins for a total amount of up to $ 560 million. Accordingly, experts predict an increase in volatility and a new phase of correction at the beginning of next week.